Two in Five Brits Dread the Festive Period Due to Financial Pressure
- 5 months 5 days ago
- Personal Finance
The festive period is meant to be one of cheer and happiness, but for two in five Brits it is one full of dread due to the extra financial pressure on them. During this time of the year, there is much expectation placed on people to buy gifts for family, friends and partners amongst other extra expenses. The feeling of dread is one that is particularly felt by the younger demographic, with over half (53%) of 18-34-year-olds surveyed saying they... more
PayPoint Recruits 1,700+ Retailers for Park Christmas Savings
- 5 months 1 week ago
- Personal Finance
With the deadline of 15th December now set for members of the Federation of Independent Retailers (the Fed) to become PayPoint Park Super Agents, PayPoint today announces that more than 1,700 retailers have already signed up, surpassing their 1,500 target.
LHV Bank Joins Flagstone for its Personal Savings Products
- 5 months 1 week ago
- Personal Finance, Cash management
LHV Bank, one of the UK's newest licensed banks, has announced that its Personal Savings products are now available on Flagstone, the UK’s leading cash deposit platform. Both organisations share a like-minded digital-first heritage, with a clear focus on delivering a streamlined and accessible customer experience. The Flagstone platform will be a key channel to market for LHV Bank ahead of the planned launch of its consumer savings offering via... more
Two-thirds of Britons Feel That Big Banks Prioritise Profits Over Supporting Savers
- 5 months 1 week ago
- Personal Finance
The majority of UK consumers are unhappy with high-street banks, believing they have prioritised profits over passing higher interest rates on to savers, new research has revealed. A survey of 2,000 UK adults commissioned by SmartSave, run by Chetwood Financial found that 65% of people believe that mainstream banks are putting their profits ahead of passing on higher interest rates to their customers despite the base rate hikes.
REVEALED: Charitable Giving Remains a Priority for UK Consumers Despite Ongoing Cost of Living Crisis
- 5 months 2 weeks ago
- Personal Finance, Payments
New research from GoCardless, the bank payment company, finds that 45% of consumers say they donate regularly to charity today -- only a slight drop from the 49% who did so last year, even as the cost of living continues to rise.
Gatehouse Bank Launches UK’s First Shariah-Compliant Regular Saver Account
- 5 months 2 weeks ago
- Personal Finance
Gatehouse Bank has today launched a Regular Saver account, the first Shariah-compliant product of its kind in the UK.
Only 1 in 10 SMEs Are Using Business Credit Cards: Here’s Why the Rest Are Missing Out
- 5 months 2 weeks ago
- Personal Finance
Finder.com analysed figures by the BVA to find that just over 600,000 small and medium enterprises (SMEs) are using business credit cards, out of a total of 5.5 million. This means that 9 in 10 SMEs (89%) could be missing out on the benefits offered by business credit cards.
The Big Christmas Switch Off – Brits are ‘Over’ Christmas Ads by 27th November
- 5 months 2 weeks ago
- Personal Finance
Brits are officially ‘over’ Christmas marketing efforts by 27th November, according to the latest research from Twilio, the customer engagement platform that drives real-time, personalised experiences for today’s leading brands. The survey of 2,000 UK consumers suggests that festive fatigue is in part caused by the fact that almost half (48%) are regularly targeted with irrelevant gift ideas in the run up to the Christmas period.
Three-quarters of Pension Savers Would Choose ‘Pot for Life’ Pension
- 5 months 3 weeks ago
- Personal Finance
New research from leading online pension provider, PensionBee, reveals a notable enthusiasm among c.1,000 UK pension holders for the recently announced ‘pot for life’ pension model. Over three-quarters (76%) of pension savers expressed that they would consider opting for the new model, while only 5% of savers stated that they would not be interested in having their own pension into which employers can pay contributions.
Two Out of Every Three Young People Aren’t Motivated to Save, Says Plum
- 5 months 3 weeks ago
- Personal Finance
More than two thirds (67%) of young people in the UK are not feeling motivated to save, according to new research from smart money app Plum.
Passive Income & Peer-to-Peer Lending: Making Money by Helping Others
- 5 months 3 weeks ago
- Lending, Personal Finance
In a world where financial security is a concern for many individuals, the concept of earning passive income has become increasingly popular. Passive income refers to the money earned regularly with the effort required to maintain it. One promising way to generate income is through peer-to-peer lending, which allows individuals to invest in others and earn a return on their investment. As you continue reading, we will explore the idea of income... more
Black Friday Debt Warning: 16 Million Brits Still Don’t Know You Can Get Into Debt Using BNPL
- 5 months 3 weeks ago
- Lending, Personal Finance
Ahead of the Black Friday sales and Christmas, 16 million people in the UK are still unaware you can get into debt using ‘Buy Now Pay Later’ (BNPL) services*, according to research from responsible lender, Creditspring. A third of people (31%) still don’t think that BNPL purchases can lead to debt, however, this jumps to over half (51%) for those aged 18-24 who are a third more likely to use BNPL than the UK average.
Gohenry Launches New Plus Membership Allowing Kids & Teens to Earn Interest on Their Savings
- 5 months 3 weeks ago
- Personal Finance
GoHenry, the prepaid debit card and financial education app for kids aged 6-18, today announces the launch of its new Plus membership in the UK, giving kids the chance to earn interest on their savings.
Brits Estimated to Pay £828 Million in Interest on Christmas Credit Card Expenses
- 5 months 3 weeks ago
- Personal Finance
Research from personal finance website finder.com estimates that the UK could spend a total of £828 million on credit card interest over the holiday season. An estimated 23 million Brits plan to use credit cards to cover their Christmas spending, with an average predicted expenditure of £627 each. This estimate is based on paying off balances within 6 months, with an average annual purchase rate of 25.58%. The true cost of things
To Consolidate or Not to Consolidate: 87% of Pension Savers Are Missing out on the Benefits of Pension Consolidation
- 5 months 3 weeks ago
- Personal Finance
With career patterns changing and workers likely to have an average of 12 roles throughout their careers, it’s to be expected that retirement savers will likely have numerous pension pots.
